Site Selection magazine recently ranked Texas third on its list of the top states in the nation for business climate. The state was ranked so highly because of its workforce skills, state and local tax schemes, and transportation infrastructure.
The San Antonio area significantly contributed to Texas's high ranking, as the city has been home to a number of expansion projects in recent years. Those projects include Medtronic Inc.'s plans to hire 1,400 people, Caterpillar's plans to hire 1,400 workers, and Nationwide's plans to hire 800 employees.
During September, the San Antonio-New Braunfels area's unemployment rate decreased from 7.6 percent to 7.2 percent, which was well below the national rate at the time of 9.6 percent.
The San Antonio area had a total non-farm employment of 834,800 workers during September, which is up from 830,700 workers during August and a .7 percent increase from last year, according to the U.S. Bureau of Labor Statistics.
Site Selection magazine bases its business climate rankings on the performance of states in the Conway Data New Plant Database, which measures new and expanded business facility activity, and a survey of corporations looking for work sites throughout the nation.
"All states face economic and budgetary challenges these days, but this ranking reminds us that there are significant success stories, too," Mark Arend, editor in chief of Site Selection magazine, said.
The 10 states with the best business climates include:
- North Carolina
- Tennessee
- Texas
- Virginia
- South Carolina
- Georgia
- Ohio
- Indiana
- Louisiana
- Alabama
No comments:
Post a Comment